Latest News, Updates & Breaking Headlines
Shares of Indian solar equipment manufacturers tumbled sharply on Wednesday after the United States unveiled plans to impose countervailing duties on solar cells and panels imported from India and other Asian nations. The US commerce department said that it would apply the duties to imports from India, Indonesia and Laos to support domestic producers. It…
Three days after the US Supreme Court struck down President Donald Trump’s tariffs, the customs department has announced the date on which the duty collections will end. The US Customs and Border Protection (CBP) said that it will stop collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) from 12:01 a.m. EST (0501…
Crude imports from Saudi hit highest level New Delhi: Crude oil imports from Saudi Arabia have hit their highest levels since Nov 2019, clocking nearly 1-1.1 million barrels per day (bpd) in Feb, and overtaking Russia temporarily to emerge as the biggest supplier to India.According to data shared by Kpler, a global data and analytics…
India, the world’s third-biggest oil importer and consumer has reshaped its crude sourcing strategy as Russian crude shipments in January made up the smallest portion of New Delhi’s oil imports since late 2022, according to data from industry sources, Reuters reportedDuring the same period, supplies from the Middle East rose to their highest share.Back in…
NEW DELHI: Trade deficit widened to a three-month high of $34.6 billion in Jan as gold and silver shipments pushed up the import bill, while exports remained flat on a sharp fall in goods consignments to the US.India’s imports rose 19.1%, the highest since last April, to $71.2 billion – the second highest for any…
China will remove tariffs on imports from almost all African countries starting May 1, Chinese President Xi Jinping said, according to state media, in a move expected to deepen trade and economic engagement between Beijing and the continent, AFP reported.China already operates a zero-tariff policy for imports from 33 African countries, but Beijing had announced…
India may import aircraft, engines and spare parts worth about $100 billion from the US under the interim trade pact, a move that could help boost tourism and bring down airfares, Commerce and Industry Minister Piyush Goyal said on Friday.According to a joint statement issued by both sides on Saturday on the framework for the…
The exact size of any potential refund remains uncertain. (AI image) The Donald Trump administration may go ahead and refund India for small amounts of penalties it may have collected for the 25% tariff related to imports of Russian crude oil. The US could return a portion of the penalty levied on India for importing…
Tata Steel MD and CEO TV Narendran, Tata Steel CFO Koushik Chatterjee NEW DELHI: Govt must keep a watch on unfairly priced steel imports, Tata Steel MD and CEO TV Narendran told TOI in an interview, while adding that the price of the key industrial product is expected to rise in the domestic market in…
Before the start of the Russia-Ukraine conflict in early 2022, India bought very little of Russian oil. (AI image) With US President Donald Trump signing an executive order removing the 25% penal tariffs on India, contingent on New Delhi stopping imports of Russian crude, reports suggest that the oil procurement from Russia may come down…
